Seamless Pipes Market

Seamless Pipes Market Size (2023-2028):

The  Seamless Pipes Market was worth USD 193.37 billion in 2022 and is predicted to reach USD 237.42 billion by 2028, with a CAGR of 7.6% during the foreseen period from 2023-2028

The seamless pipe manufacturing process involves the processing of raw materials. into steel bars, followed by the transformation of these steel bars into a mother tube, manufactured in different types of rolling mills. The ultra-high-strength and corrosion resistance properties make the seamless pipe perfect for the oil and gas industry, steam boilers, chemical, and other process industries, pipelines, and facilities with harsh conditions, high and supercritical steam, pressure, etc. A pipe without welds or seams is called a seamless pipe. Seamless pipes find applications where strength, corrosion resistance, and product life are critical. A joint in any object is a plane of weakness, which can cause that object's target to fail. In a pipe, a welded joint or seam can cause the pipe to fail if it is subjected to extreme conditions of temperature, pressure, and chemical reactions.

The growing call for energy across the globe has led to escalated exploration and investment activity in the oil and gas industry. The rising call for high-performance tubular products from the growing oil and gas industry is predicted to be a major factor that can drive the expansion of the seamless pipe industry. Seamless tubing is preferred over welded tubing in the oil and gas industry because seamless tubing has high corrosion resistance and a better strength-to-weight ratio.

Seamless Pipes Market Drivers

A key driver of the seamless pipe industry is the growing worldwide call for fossil fuels. The call for fossil fuels is higher, which has led to an increase in exploration and production activities in the oil and gas industry. However, the era of easy oil has come to an end, and oil reserves lie deeper than their historical counterparts. The deepest depths contain a hostile environment of high temperature and pressure for the pipes employed during drilling activity. In addition, the innovative directional drilling technology requires flexible hoses with high strength. All these purposes are fulfilled with seamless pipes. Another driver of the seamless tube industry is the expansion of industries such as pharmaceuticals, chemicals and fertilizers, where the use of chemical processes and boilers is common. The high resistance to corrosive substances carried through a seamless pipe not only increases profitability but also prevents any leaks due to pipe failures that can cause unwanted impact.

Restraints in the Seamless Pipes Market

The low crude prices have destabilized the oil and gas industry, which is acting as a major limitation in the global seamless pipe industry.

Opportunities in the Seamless Pipes Market

In recent times, there has been a substantial increase in calls for high-performance hoses from the rapidly growing manufacturing and energy sectors. High-strength seamless pipes are finding applications in industrial boiler applications and in oil processing processes, where oil and natural gas exploration and production take place where there is no need for gas. Deep waters require greater depths of drilling in harsh geographic environments, driving the call for seamless pipe.

Challenges in the Seamless Pipes Market

It should be noted that seamless pipes are more expensive than other types of pipes, which may hamper the expansion rate of the worldwide seamless pipe industry. The critical industry constraint for the worldwide seamless pipe industry is the increase in tariffs and tariffs. The trade war is also negatively influencing the seamless tube industry. A longer delivery time is needed for a seamless pipe compared to a welded pipe.

SEAMLESS PIPES MARKET REPORT COVERAGE:

Seamless Pipes Market Segmentation

Seamless Pipes Market - By Type:

• Hot-finished Pipes

• Cold-finished Pipes

Based on the type, the hot-finished seamless tube types segment is predicted to experience the highest expansion, due to the escalating use of hot-finished seamless tubes in various industries. Hot-finished seamless tubes are cost-effective.

Seamless Pipes Market - By Production Process:

• Mandrel Rolling

• Multi-Stand Plug Mill

• Cross-Roll Piercing

• Pilger Rolling

On the basis of the production process, the cross-roll drilling and laminating production process segment is predicted to experience the highest expansion during the foreseen period. The cross-roll drilling and column rolling method is highly cost-effective, helping to reduce the total cost of manufacturing the finished products.

Seamless Pipes Market  - By Region:

The Seamless Pipes Report includes the segmentation of Regions with their respective Countries.

• North America 

• Europe 

• Asia Pacific 

• Latin America

• Middle East & Africa

The Asia-Pacific seamless pipe industry is predicted to see the strongest expansion during the foreseen period. Escalating industrialization and rapid development of infrastructure in the region provide opportunities for industry expansion. Seamless pipes are extensively used in different applications in the infrastructure and construction sectors, owing to their properties like excellent strength, resistance to heat, corrosion, chemicals, and others.

The North American region had a significant share of the global seamless pipe industry. Technological advances in hydraulic fracturing technology have led the United States and Canada to become one of the largest oil exporters in the world. These countries are investing heavily in the development of pipeline infrastructure, thus escalating the call for seamless pipes. It is predicted that the Middle East, Africa, and Latin America will become lucrative regions due to their notable oil industries. Currently, North America is emerging as a major exporter of fossil fuels thanks to its reserves of "shale oil". Additionally, North America has a mature chemical industry. These two factors indicate a greater opportunity for the North American seamless pipe industry.

Seamless Pipes Market Key Players:

Some of the significant players in the seamless pipes industry are Nippon Steel & Sumitomo Metal Corporation (Japan), ArcelorMittal SA (Luxembourg), JFE Steel Corporation (Japan), Tenaris S.A. (Luxembourg), Vallourec AG (France), IPP Europe Ltd. (UK) Zaffertec S.L. (Spain), Cimco Europe (Italy), Wheatland Tube Company (US), Techint Group SpA (Italy), ISMT Ltd. (India), ALCO SAS (Colombia), Shalco Industries Pvt. Ltd. (India), UMW Group (Malaysia), United Seamless Tubular Pvt. Ltd. (India), Jindal Saw Ltd. (India), Tianjin Pipe (Group) Corporation (China), EVRAZ Plc (UK), Salzgitter Mannesmann Stainless Tubes GmbH (Germany), and Tubos Reunidos, S.A. (Spain).